CERTIFIED APPRAISALS

◾Certified Aircraft Appraisals

Provided by Senior Certified Appraiser (PSCA) who is a member of the Professional Aircraft Appraisal Organization (PAAO) compliant with the Uniform Standards of Professional Appraisal Practice (USPAP) and using the International Valuation Standards (IVS). We offer valuation services competently while maintaining independence, impartiality and objectivity.

◾Warbirds & Specialty Aircraft Certified Appraisals

Valuation services delivered for unique one of a kind aircraft for insurance, investment and other financial reasons.

◾Aircraft Engines, Components and Appliance Certified Appraisals

Certified appraisals supplied for aircraft parts and components. Values aircraft parts for serviceable or unserviceable, new or used and repaired or overhauled.

◾FAA Type Certificates and Supplemental Type Certificates

Valuation provided for FAA Type Certificates (TC) and Supplemental Type Certificates (STC) based on current market data and consideration for technical drawings, testing documentation, proprietary tooling and product population.

◾DAMAGE HISTORY DIMINISHED VALUE

Determination of Market Value impact of damage aircraft history established in view of damage location, type, severity, repair specifics, and aircraft fleet population.

◾COLLATERAL INSPECTION

Physical inspection of the aircraft, engine or component to establish present Market Value allowing for current market information and physical conditions.

We deliver “qualified appraisals” by a “qualified appraiser” that are compliant with the Internal Revenue Code for Noncash Charitable Contributions and estate personal property valuation.

USPAP Aircraft Appraisal Explained

The Uniform Standards of Professional Appraisal Practice (USPAP) was established to promote and maintain a high level of public trust by establishing requirements for aircraft appraisers. The Appraisal Standards Board (ASB) of the Appraisal Foundation develops, publishes, interprets and amends the USPAP on behalf of appraisers and users of appraisal services. USPAP calls for the highest standards of professional ethics. USPAP compliant appraisals must be conducted by a qualified appraiser who has specialized knowledge, understanding and has successfully completed the stringent USPAP intensive course work while displaying proficiency. Standards 7 and 8 establish stringent requirements for the appraiser to develop and communicate their analyses, opinions and conclusions to the intended users of their services in a manner that is meaningful and not misleading.

While agencies such as PAAO offer training, testing and certification in aircraft appraisal, USPAP is not an agency which trains individuals in aircraft appraisal or which awards aircraft appraisal certification. Instead, USPAP addresses the ethical and performance obligations while providing stringent guidelines and requirements for experienced aircraft appraisers to offer USPAP endorsed aircraft appraisal.

PAT DUGGINS

CONSULTING SERVICES, INC.

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